Direxion Daily Ftse Etf Performance
| EURL Etf | USD 21.84 0.33 1.53% |
The etf shows a Beta (market volatility) of 1.12, which means a somewhat significant risk relative to the market. Direxion Daily returns are very sensitive to returns on the market. As the market goes up or down, Direxion Daily is expected to follow.
Risk-Adjusted Performance
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Over the last 90 days Direxion Daily FTSE has generated negative risk-adjusted returns adding no value to investors with long positions. Despite fragile performance in the last few months, the Etf's basic indicators remain quite persistent which may send shares a bit higher in December 2024. The latest mess may also be a sign of long-standing up-swing for the ETF venture institutional investors. ...more
1 | EV Industry Could Drive European Equities Higher - ETF Trends | 10/11/2024 |
Direxion |
Direxion Daily Relative Risk vs. Return Landscape
If you would invest 2,923 in Direxion Daily FTSE on August 30, 2024 and sell it today you would lose (739.00) from holding Direxion Daily FTSE or give up 25.28% of portfolio value over 90 days. Direxion Daily FTSE is currently does not generate positive expected returns and assumes 2.5971% risk (volatility on return distribution) over the 90 days horizon. In different words, 23% of etfs are less volatile than Direxion, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
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Direxion Daily Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Direxion Daily's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Direxion Daily FTSE, and traders can use it to determine the average amount a Direxion Daily's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.1649
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| Negative Returns | EURL |
Estimated Market Risk
| 2.6 actual daily | 23 77% of assets are more volatile |
Expected Return
| -0.43 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.16 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Direxion Daily is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Direxion Daily by adding Direxion Daily to a well-diversified portfolio.
Direxion Daily Fundamentals Growth
Direxion Etf prices reflect investors' perceptions of the future prospects and financial health of Direxion Daily, and Direxion Daily fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Direxion Etf performance.
| Price To Earning | 16.23 X | |||
| Price To Book | 1.68 X | |||
| Price To Sales | 1.07 X | |||
| Total Asset | 14.52 M | |||
About Direxion Daily Performance
By examining Direxion Daily's fundamental ratios, stakeholders can obtain critical insights into Direxion Daily's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that Direxion Daily is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
The fund invests at least 80 percent of its net assets in financial instruments, such as swap agreements, ETFs that track the index, securities of the index and other financial instruments that provide daily leveraged exposure to the index or to ETFs that track the index. FTSE Europe is traded on NYSEARCA Exchange in the United States.| Direxion Daily FTSE generated a negative expected return over the last 90 days | |
| This fund created-3.0 ten year return of -3.0% |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Direxion Daily FTSE. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
The market value of Direxion Daily FTSE is measured differently than its book value, which is the value of Direxion that is recorded on the company's balance sheet. Investors also form their own opinion of Direxion Daily's value that differs from its market value or its book value, called intrinsic value, which is Direxion Daily's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Direxion Daily's market value can be influenced by many factors that don't directly affect Direxion Daily's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Direxion Daily's value and its price as these two are different measures arrived at by different means. Investors typically determine if Direxion Daily is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Direxion Daily's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.